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Vitalik: The Ethereum Foundation sells ETH to pay rewards to ecosystem developers

Vitalik: The Ethereum Foundation sells ETH to pay rewards to ecosystem developers

Bitget2024/10/27 07:23

Vitalik Buterin clarified on X about the Ethereum Foundation selling ETH: "The foundation is paying remuneration to researchers and developers responsible for the following matters: 1. Ethereum will not consume 5 million ETH per year for proof of work; 2. User fees are now very low; 3. Transactions can be completed within 30 seconds, not 1-30 minutes (EIP 1559)."

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